Hryvnia started strengthening since last week – Danylyshyn

Since the second half of last week, the supply of foreign currency on the interbank market exceeded bank customers’ demand for it, which strengthened the exchange rate of hryvnia against the U.S. dollar by 1.2%.

Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn wrote about this on Facebook, Ukrinform reports.

"The trend reversal allowed the National Bank to conduct interventions last week to buy foreign currency totaling USD 333.7 million, which reduced its net sales from the NBU reserves from the beginning of the year to USD 1.2 billion," Danylyshyn wrote.

As reported, international reserves of the NBU on February 1, 2022 stood at USD 29.3 billion, which cover 3.6 months of future imports and is sufficient for Ukraine to meet its commitments and the government and the National Bank to conduct current transactions.  

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